On its first earnings call in four years, Knight-Swift Transportation management laid out a positive long-term thesis for the company. It expects that transportation operators with huge trailer pools will continue to prevail in the future. The short-term outlook for smaller carriers was less optimistic. After the market closed Wednesday,...
COVID’s impact on trans-Pacific container transportation
The trans-Pacific maritime landscape has been substantially altered as a result of COVID-driven cargo demand. New Alphaliner data shows how dramatically the Asia-US commerce corridor has altered in the last two years. There is currently significantly more container shipping capacity in the trade than existed prior to the outbreak. Capacity...
Rising steel prices and the Ukraine war impact GATX’s outlook for 2022
The crisis between Ukraine and Russia is unlikely to have an impact on railcar lessor GATX's North American business, however, the company's European arm is experiencing some operational impact, officials said during GATX's first-quarter results call on Wednesday. While GATX's international segment profit is unlikely to be impacted, the company...